I do understand that for stocks, we have to take delivery if we forget to square off our Futures positions upon expiry. But what happens with Nifty futures?
It will be cash settled by the exchange and broker will release the blocked margin.
@nithin is this true? If yes then Is this apply for options too?
Yes, but it is not applicable for all stocks yet. Check this
@nithin But what happens in case of Nifty Futures?
NIFTY FUT & OPTION are autosqoff on expiry no Physical delivery on INDEX DERIVATIVES.